AGENDA
FINANCE & BUDGET COMMITTEE
Thursday, September 19, 2002 - 9:30 A.M.
Call to order:
Directors:
Paul Hudson, Chair
Frank Roberts, Vice Chair
John Fasana
Don Knabe
Allison Yoh
Doug Failing, Ex Officio
15. RECEIVE report of the Chief
Financial Officer.
16. RECEIVE AND
FILE ten-year forecast of Metro revenues and expenditures for fiscal years
ending 2003 through 2012.
17. DECLARE that certain real property located on the southerly side of Humboldt Street between Avenue 18 and Avenue 19 in the City of Los Angeles as surplus property and authorize its sale to the City of Los Angeles for $228,300, subject to the results of an environmental investigation.
18. APPROVE execution of a lease agreement with Arden Realty, Inc., for lease
of approximately 9,835 square feet of ground floor office and storage space in
a building located at 680 Knox Street, Los Angeles, for a five-year term, with
a cancellation option after three (3) years, effective on or before December 1,
2002, for a total base rental amount of $807,631 plus a pro-rata share of any
increases in operating expenses and taxes above the base year.
19. AUTHORIZE the Chief Executive Officer to
work with the California Transit Finance Corporation’s (CTFC) financing team to
develop the structure and documentation for the refunding of the CTFC 1992-B Certificates of Participation, including
payments to the CTFC financing team members in accordance with their
contractual pricing arrangements.
20. AWARD a three-year, firm fixed-price Contract No. PS92101127 to SBC Pacific Bell to furnish or modify Private Branch Exchange telephone systems for an amount not to exceed $2,846,340, inclusive of options for seven additional Metro locations.
Consideration of items not on the posted agenda, including: items
to be presented and (if requested) referred to staff; items to be placed on the
agenda for action at a future meeting of the Committee or Board; and/or items
requiring immediate action because of an emergency situation or where the need
to take immediate action came to the attention of the Committee subsequent to
the posting of the agenda.
COMMENTS FROM THE PUBLIC ON ITEMS OF PUBLIC INTEREST WITHIN COMMITTEE’S
SUBJECT MATTER JURISDICTION
ADJOURNMENT